FKLI
FKLI Spot Month Futures - 24 Apr 2026
Fri, 24-Apr-2026 11:13 am
by Dealing Team • Apex Futures

FKLI
Pivot
1715
Resistance
1721 / 1725 / 1727 / 1732
Support
1710 / 1705 / 1700 / 1696
Possible Range
1712 to 1730
Strategy
Long positions may be opened above 1718 with targets at 1720/1725 and stop-loss at 1708
Short positions may be opened below 1715 with targets at 1705/1700 and stop-loss at 1718

FKLI April month closed slightly higher around 1720, moving in a sideways to mildly bullish condition after recent rebound in the previous session. The FBMKLCI showed cautious upside movement as investor sentiment improved slightly following firmer Wall Street performance and easing geopolitical concerns. 

The Dow Jones index decreased around 200 points to close near the 49,400 level in the previous session. U.S. stocks moved higher after news that the Middle East ceasefire was extended, helping to reduce market fear and improve risk appetite globally.

The active FKLI contract is trading near the SMA-50 (around 1706), showing immediate support at this level. Price remains above both the 50-day and 200-day moving averages, indicating that the longer-term trend remains positive. On the daily chart, price is consolidating after testing the 1720–1725 resistance zone, suggesting mild profit-taking but underlying bullish momentum is still intact. On the 30-minute chart, a break above 1720 may push price toward 1726–1732, while failure to hold above 1715 may lead to a pullback toward 1705–1700. 

Intraday resistance is seen around 1712–1720 area, while support has been identified in the 1705–1700 zone. Overall, traders are advised to remain cautious and wait for clearer breakout direction before entering aggressive positions. 

(News Source: The Star, CNBC)

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